Iran’s external debt in 2018 down 6.5 percent: World Bank

In its latest report on global debts dubbed 'International Debt Statistics 2020', the World Bank has put Iran’s external debts for 2018 at $6.324 billion, down about 6.5 percent from $6.761 billion in 2017.

Iran Press/ America: As per the data published by WB shows, Iran’s foreign debts decreased by $437 million in 2018, compared to its preceding year.

Based on the report, of the country’s total external debt at the end of 2018, $382 million was related to long-term debts, while $3.959 billion was the share of short-term debts, and $1.983 billion pertained to International Monetary Fund (IMF) credit lines. 

In early September, Central Bank of Iran (CBI) published a report based on which Iran’s debts to foreign lenders at the end of June 21, 2019, stood at $8.678 billion, showing seven percent decrease compared to the announced figure at the end of the past Iranian calendar year (March 20, 2019).

According to the data, of the total $8.678 billion, $6.969 billion was mid-term and long-term debts and $1.708 billion was short-term debts. As reported, Iran’s foreign debts were $9.339 billion at the end of the past Iranian calendar year.

Iran’s external debts stood at $8.816 billion at the end of May, 21, the CBI data showed. Back in July, CBI published a report saying that Iran’s foreign debt at the end of the last Iranian calendar year decreased by nearly 17 percent compared to the figure for the preceding year.

The report indicated that of Iran’s total external debt on the mentioned date, $7.187 billion was long and medium-term debt while short-term debt accounted for $2.151 billion.


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